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US sanctions Nigerian Bureau De Change operator, six firms over alleged ISIS financing
The United States government has imposed sanctions on three individuals and six businesses accused of facilitating financial transactions for the Islamic State (ISIS), as part of efforts to disrupt global terrorism financing networks.
The sanctions, announced by the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC), target individuals and entities allegedly involved in moving funds for ISIS across Europe, the Middle East and West Africa.
Among those sanctioned is Nigerian national Muhammad Mukhtar Adamu, who U.S. authorities allege used his currency exchange businesses to channel funds to ISIS-West Africa.
Also designated are Abdelhakim Boukich, a Syrian national accused of using cryptocurrency to transfer funds for ISIS-linked associates, and Abderrahmane Miloud, a French national alleged to have provided explosives-related information to ISIS supporters.
According to the U.S. government, the sanctions are aimed at dismantling a financial network stretching from France and Syria to Türkiye and Nigeria, which allegedly helped fund terrorist operations, support regional affiliates and facilitate attacks.
The U.S. State Department said the move forms part of broader efforts to weaken the terrorist group’s operational capacity by targeting its financial infrastructure.
“We will continue to use every diplomatic and legal tool available to hold ISIS and its supporters accountable—wherever they operate and however they move money,” the department stated.
The U.S. also highlighted ongoing counterterrorism cooperation with Nigeria, referencing a joint operation carried out on May 16, 2026, that reportedly led to the death of Abu-Bilal al-Minuki, identified as the second-in-command of ISIS.
According to Treasury records, Adamu, who is reportedly based in Agege, Lagos, is linked to three Bureau De Change companies:
General Currency Bureau De Change Limited
Manhattan Bureau De Change
Nine To Nine Exchange Bureau De Change
The designated individuals and entities have been listed as Specially Designated Global Terrorists (SDGTs), a designation that freezes any U.S.-linked assets and generally prohibits American persons and businesses from engaging in transactions with them.
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